The Financial Express

S Korean stocks slip, won strengthens to 4-week high

Evaly and Fianancial Express Evaly and Fianancial Express
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South Korea’s KOSPI stock index weakened on Wednesday, while  the Korean won rose to a four-week closing high on the local platform while bond yields fell.

At 06:33 GMT, the KOSPI was down 6.16 points or 0.25 per cent at 2,472.37, according to Reuters.

The KOSPI is up around 22.3 per cent so far this year, and down 2.63 per cent in the previous 30 days.

The trading volume during the session on the KOSPI index was 228,367,000 shares, and of the total traded issues of 881, the number of advancing shares was 341.

The won was quoted at 1,080.9 per dollar on the onshore settlement platform, 0.37 per cent firmer than its previous close at 1,084.9.

Foreigners were net sellers of 307,466 million won worth of shares.

The Korean 3-month Certificate of Deposit benchmark rate was unchanged from a previous close of 1.66 per cent.

The benchmark 3-year Korean treasury bond yielded 2.084 per cent, lower than the previous day’s 2.10 per cent.

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